Anchor vs. Canopy

Q: How long does it take for payments to process using Canopy Payments?

For both credit card and ACH payments, you can expect to have the payment processed within 2 business days.

Q: Do I have to pay extra for eSignatures with Canopy?

No. ESignatures are included in the functionality. Add as many signees as you need to each engagement. There are no limits in the month either.

Canopy vs. Anchor

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Compare Canopy to Alternatives

Manage more (with less software)

With Canopy, “from proposal to payment” means not only seamlessly managing client engagements, invoices, and payments, but also managing everything else in between—your client info, time, tasks, documents, reports, eSignatures, & more—with Canopy’s full-suite practice management software. Now is the time to decrease the burden (think implementation, training, cost, and adoption) of a bloated tech stack. “Proposal to payment” and “full-suite practice management” mean Canopy helps you do more, simply and seamlessly.


Invoices and Payment Processing
Proposals & Engagements
Surcharging
Time Management (timers, time entries, WIP)
Document Management
Workflow
Integrated Email
Multiple eSignatures
Cross-Module Reporting
Highly-Rated Mobile Apps

Invoices and Payment Processing

Proposals & Engagements

Surcharging

Time Management

(timers, time entries, WIP)

Document Management

Workflow

Integrated Email

Multiple eSignatures

Cross-Module Reporting

Highly-Rated Mobile Apps

4.6 stars on G2.com

“I have been a Canopy user for several years now and they truly care about their customers. I switched to Canopy because they were able to offer all the services I needed for my practice in one application.”

Jessie B. / CPA Firm President

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Why Anchor firms are switching to Canopy

Account for your time

Whether you offer hourly or flat-rate billing, Canopy time & billing makes it easy to account for and manage your time. Set timers, create time entries, manage WIP, view productivity reports, and more. Time is money, after all.

Insights across your firm

Want to know how productive your staff is? What about how profitable your clients are? Gain these insights and more! Set up alerts, schedule reports, and customize liveboards with Canopy Insights.

Gather multiple eSignatures

No matter the document–engagement letter, tax form, NDA, or more–you can conveniently gather multiple signatures from stakeholders. Collect these eSignatures via a secure client portal or using a secure link.

ANCHOR VS CANOPY

Easily Collect and Manage Client Documents

Collecting, storing, and editing documents is a central part of the work your firm does to get paid. With Canopy, you don’t need a separate (or *shudder* additional) system to do it. Your clients can easily upload their important documents in a secure portal (web or mobile), efficiently collect eSignatures, and conveniently store and organize an unlimited amount of documents. All in one place.

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Mobile e-signature process for signing and accepting client contracts within accounting practice management software.

A laptop displaying the Canopy workflow task list, showing project statuses, due dates, and assignees in a centralized table view.

ANCHOR VS CANOPY

Track Work Efficiently (and See Results Instantly)

When you leverage Canopy’s Workflow module, you can skip the context switching, reduce manual efforts with automations, quickly get started with templates, and keep a pulse on work in your firm with tables and reports. You’ll see the Canopy difference immediately.

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“[Canopy’s] complete practice management system helped us eliminate a multitude of apps and enabled me to sleep at night, knowing that in all phases of our practice – accurate client data, workflow, scheduling, billing, due date monitoring—Canopy handles it all.”

Michael G. / Canopy User

“Canopy has proven to be an extremely valuable resource for modern accounting firms. It serves as a comprehensive platform, uniting key features such as client management, document storage, workflow, and billing in one place. One of its standout advantages is how easily it integrates, which simplifies implementation and ensures that every aspect of our firm's operations—from onboarding new clients to processing final payments—runs smoothly and efficiently. As a result, we've seen a noticeable reduction in administrative tasks, allowing us to dedicate more time to serving our clients. And their customer service is the best out there!”

Amy F. / Canopy User

“I wanted a cradle-to-grave solution for my clients. Canopy solved that problem.”

Richard Bingaman / Founder, REB CPA

“Honestly, it's hard to pick just one favorite feature. Everything about Canopy has made our lives easier.”

Shelly Lingor / CEO, Financial Solution Advisors

“Communication used to get lost in emails. With Canopy, everything—projects, comments, client conversations—is in one place. It’s a game-changer. Even if someone isn’t tagged, they can still see updates tied to the client, so nothing gets missed.”

Heidi Gouger / COO, MillerMusmar CPAs

“You get everything all in one. Communications, data management, workflow and billing. All of it flows incredibly well into each other and maximizes efficiency.”

Adam R. / Payroll Professional

Engagements that are built into our Practice Management. Not bolted on.

What you need is a central hub for everything from proposals to payments to modern innovations like AI and whatever else will make your firm’s work easier. Which is precisely what Canopy is. Watch this video highlighting our engagements tool.

Frequently Asked Questions

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What sets Canopy apart from Anchor?

Canopy offers a comprehensive practice management solution that goes beyond engagements, invoices, and payments. From client engagements and proposals to time management, document handling, and workflow automation, Canopy provides a full-suite solution. In contrast, Anchor focuses primarily on engagements, invoices, and payment processing, lacking features such as time management, document management, and workflow that can reduce your tech stack.

What advantages does Canopy's practice management software offer over Anchor?

Aside from offering crucial (and valuable) modules to run your firm like Document Management and Workflow, Canopy provides several advantages over Anchor, including:

Time Management: Canopy allows you to account for and manage billable hours efficiently, with features like timers, time entries, and productivity reports.
Cross-Module Insights: Gain valuable insights into staff productivity, client profitability, and employee capacity through Canopy’s customizable liveboards and reporting.
Multiple eSignatures: Canopy enables the convenient gathering of multiple eSignatures for various documents, enhancing collaboration and approval processes. Anchor lacks this feature.